‘Relentlessly Up’: Bitcoin, Ethereum Hit All-Time Highs

Representations of cryptocurrencies Bitcoin and Ethereum are placed on PC motherboard in this illustration taken, on June 29, 2021. Dado Ruvic/Illustration/Reuters

Market-leading cryptocurrencies Bitcoin and Ethereum suddenly spiked to new highs on Wednesday.

What Happened

Bitcoin added $2,000 to its price within minutes, as a large green candle sent the leading digital asset to a new high of $68,789.

Ethereum quickly followed suit with its own all-time high of $4,851.